Report Code: CMI19096

Published Date: October 2022

Pages: 220+

Category: Semiconductors & Electronics

Report Snapshot

CAGR: 9.67%
2.53B
2021
2.86B
2022
5.13B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Axis Communications
  • Barix
  • AIPhone
  • TCS AG
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global IP Intercom Market size was estimated at USD 2.53 billion in 2021 and is expected to reach USD 2.86 billion in 2022 and is expected to hit around USD 5.13 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 9.67% from 2021 to 2030.

The IP intercom is an internet-based device where it can directly connect to a computer server across a local area network. It is a video and audio transmitting device that connects to the internet. The benefits of using IP intercom are that it is easy to set and configure without requiring major rewiring owing to ease of operation, and the demand for IP intercom networks has increased the market growth. 

In addition, the growing population and increase in the commercial and industrial sectors have enhanced the popularity of IP intercoms, where invisible and visible intercoms are used extensively.

Growth Factors.

The utilization of IP intercoms has increased owing to the increase in population, industrialization, urbanization, and other factors that have surged the consumption of IP intercoms where it is giving safety and security to residential, and commercial buildings, and others. This is one of the key drivers responsible for the growth of IP intercom during the forecast period.

The factors such as the rise in global population, advancement in technology, and an exponential increase in the demand for the electronics industry have enhanced the demand for IP intercom, which plays a significant role in connecting people worldwide. Due to such factors, the demand for such devices is expected to boost the market.

Rising demand for IP intercoms in commercial applications such as warehouses, factories, retail stores, and offices has escalated the demand for IP intercoms in commercial sectors. Furthermore, an increasing number of global public infrastructure projects, including smart city initiatives from government organizations, require advanced technology solutions to manage resources that enable companies to gain market share effectively.

Moreover, industrial developments have led to economic growth in developed and developing economies such as the U.S., China, India, and others. For instance, according to a report published by The Federal Reserve Board in July 2022, the industrial production rate in the United States increased by 4.20% in June 2022. Owing to such factors, and adoption of high-tech technology has driven the IP intercom networks in the industrial sectors; thus, expected to boost the Market during the forecast period.

Market Segment Analysis:

Market, a segment based on the type

The market is segmented into visible and invisible depending on the type. The invisible segment is expected to hold the largest share of xx% by 2030. The invisible segment is the dominant player and is anticipated to have the biggest impact on Market because the invisible intercoms are significant security and safety components. In addition to this, several key market players are increasingly investing in the development of various advanced solutions for invisible intercoms and hence, contributing to the growth of the invisible segment as well as to the market.

Developed and developing nations have adopted invisible intercoms that give safety and security to residential and government servants such as police, officers, and others. These invisible intercoms can be used where visible intercoms are prohibited. Furthermore, it is widely used in hospitals, offices, laboratories, and others for monitoring sensitive data. These factors together may propel the growth of IP intercoms in the invisible type segment.

Global IP Intercom Market 2023 – 2032 (By Type)

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Market, a segment based on the Application

During the forecast period, the application segment includes commercial, residential, government, industrial, and others. The commercial segment is expected to grow rapidly at a CAGR of xx% during 2022-2031. The commercial segment is the most capital-intensive segment.

The IP intercoms are used in places of business where information and communication need to be kept confidential, including warehouses, manufacturing plants, office buildings, retail stores, restaurants, and hotels. By using commercial IP Intercom systems instead of visible walkie-talkies or telephone lines (PSTN), companies can communicate more efficiently with their employees for better productivity.

Furthermore, the growing global population, increase in industrialization, urbanization, and increase in the number of commercial and small enterprises in urban areas have propelled the demand for visible and invisible intercoms, where they can monitor, transfer, and capture data. These factors together are coupled with the growing commercial sector in upcoming years.

Moreover, the commercial sector is growing at a rapid pace globally owing to favorable factors such as a rise in population, employment, and demand for offices, small enterprises, and others. For instance, according to an article published by IBISWorld in August 2021, the global commercial real estate market size is expected to grow at 5.8% in 20022. The rise in commercial sectors globally will boost the growth of IP intercoms.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 2.53 billion
Projected Market Size in 2030 USD 5.13 billion
CAGR Growth Rate 9.67% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Axis Communications, Barix, AIPhone, TCS AG, Legrand, Panasonic, Commend, Comelit Group, TOA Corporation, Fermax, and Others
Key Segment By Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

The North American region is expected to dominate the Market from 2022 to 2031. The North American region is expected to hold the largest market share of 1.3% by 2031. Due to the increasing use of IP intercoms in the commercial sector, which is being pushed by the implementation of intercom projects, these are the key market trends in the North American region. Growth in this region has also been spurred by increasing digitalization across industry verticals, and technological advancements, AI( Artificial Intelligence) implementation, and others are responsible for the increased demand for the IP intercoms market in the North American region.

The United States, Mexico, and Canada are early adopters of technologies like the mobility of big data and others. These countries have developed economies, allowing them to make significant investments in R&D and given opportunities for employment generation in IP intercom sectors. Furthermore, compared to other regions, the start-up culture in the region is rising faster; this region has a large presence of IP intercoms, which helps the market grow. 

The Asia-Pacific region is expected to develop fastest during the forecast period. China dominates the IP intercom market owing to the rise in technological advancements, the adoption of AI, and others that have escalated the market growth. In addition, favorable government regulations in countries such as India, China, Japan, and others are also creating opportunities for the growth of the IP intercom market in the region.

The increase in import & export trade activities in North America, Europe, Asia-Pacific, and the LAMEA region has surged the demand for IP intercoms, which are predominantly used in government offices for communication, tracking, and maintaining government data with other countries regarding trade activities.

Global IP Intercom Market 2023 – 2032 (By Billion)

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Key Players

  • Axis Communications
  • Barix
  • AIPhone
  • TCS AG
  • Legrand
  • Panasonic
  • Commend
  • Comelit Group
  • TOA Corporation
  • Fermax
  • Others

Recent Development

Some of the key market developments happening in the IP intercom market are given below:-

  • The Aiphone entered into a strategic product launch by unveiling its touchless sensor for the IX Series door station. This new product sensor enables suppliers, guests, and workers, to commence a contactless call with a classic gesture. This strategic product launch enhanced the product portfolio of the Aiphone In May 2021.
  • Barix entered into a strategic product launch named Annuncicom PS Touch, the organization’s latest universal desktop master station. This new desktop was designed on the stated capability of the PS16 with advanced improvements adding a 10.1, touchscreen interface for zone selection, a changeable, professional, XLR-connected gooseneck microphone, and power via PoE for clarity. This strategic product launch has strengthen the product portfolio of Barix in September 2020.
  • TOA Canada Corporation entered into a strategic partnership with Access Direct Sales. This partnership is aimed to combine TOA’s IP and SIP intercom systems within ADSI’s line card by building another depiction channel for intercom security items, it would grow transparency across Canada and reach markets that don’t automatically have access. This strategic partnership will enhance the potential sales of TOA Corporation in the North American region in September 2019.
  • The Aiphone entered into strategic business expansion with the new enhancements to its full IP IX intercom and security solution. This expansion is designed into a new IX2 series that combined enhanced camera and audio functionality, large touchscreen monitors, and interaction with up to 9,999 door stations. This strategic business expansion has widened the product portfolio of Aiphone in March 2019.

Segments covered in the report

By Type

  • Visible
  • Invisible

By Application

  • Government
  • Commercial
  • Industrial
  • Residential
  • Others

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global IP Intercom Market, (2022 – 2030) (USD Billion)
    • 2.2 Global IP Intercom Market : snapshot
  • Chapter 3. Global IP Intercom Market – Industry Analysis
    • 3.1 IP Intercom Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase In Population
      • 3.2.2 Industrialization
      • 3.2.3 Urbanization
      • 3.2.4 Giving Safety And Security To Residential
      • 3.2.5 Commercial Buildings
      • 3.2.6 The Demand For The Electronics Industry
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global IP Intercom Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global IP Intercom Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global IP Intercom Market – Type Analysis
    • 5.1 Global IP Intercom Market overview: By Type
      • 5.1.1 Global IP Intercom Market share, By Type, 2021 and 2030
    • 5.2 Visible
      • 5.2.1 Global IP Intercom Market by Visible, 2022 – 2030 (USD Billion)
    • 5.3 Invisible
      • 5.3.1 Global IP Intercom Market by Invisible, 2022 – 2030 (USD Billion)
  • Chapter 6. Global IP Intercom Market – Application Analysis
    • 6.1 Global IP Intercom Market overview: By Application
      • 6.1.1 Global IP Intercom Market share, By Application, 2021 and 2030
    • 6.2 Government
      • 6.2.1 Global IP Intercom Market by Government, 2022 – 2030 (USD Billion)
    • 6.3 Commercial
      • 6.3.1 Global IP Intercom Market by Commercial, 2022 – 2030 (USD Billion)
    • 6.4 Industrial
      • 6.4.1 Global IP Intercom Market by Industrial, 2022 – 2030 (USD Billion)
    • 6.5 Residential
      • 6.5.1 Global IP Intercom Market by Residential, 2022 – 2030 (USD Billion)
  • Chapter 7. IP Intercom Market – Regional Analysis
    • 7.1 Global IP Intercom Market Regional Overview
    • 7.2 Global IP Intercom Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America IP Intercom Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America IP Intercom Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America IP Intercom Market, by Type, 2022 – 2030
      • 7.4.1 North America IP Intercom Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America IP Intercom Market, by Application, 2022 – 2030
      • 7.5.1 North America IP Intercom Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe IP Intercom Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe IP Intercom Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe IP Intercom Market, by Type, 2022 – 2030
      • 7.7.1 Europe IP Intercom Market, by Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe IP Intercom Market, by Application, 2022 – 2030
      • 7.8.1 Europe IP Intercom Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific IP Intercom Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific IP Intercom Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific IP Intercom Market, by Type, 2022 – 2030
      • 7.10.1 Asia Pacific IP Intercom Market, by Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific IP Intercom Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific IP Intercom Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America IP Intercom Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America IP Intercom Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America IP Intercom Market, by Type, 2022 – 2030
      • 7.13.1 Latin America IP Intercom Market, by Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America IP Intercom Market, by Application, 2022 – 2030
      • 7.14.1 Latin America IP Intercom Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa IP Intercom Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa IP Intercom Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa IP Intercom Market, by Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa IP Intercom Market, by Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa IP Intercom Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa IP Intercom Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Axis Communications
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Barix
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 AIPhone
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 TCS AG
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Legrand
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Panasonic
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Commend
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Comelit Group
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 TOA Corporation
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Fermax
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

List Of Figures

Figures No 1 to 20

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • Axis Communications
  • Barix
  • AIPhone
  • TCS AG
  • Legrand
  • Panasonic
  • Commend
  • Comelit Group
  • TOA Corporation
  • Fermax
  • Others

FAQs

“North American” region will lead the global IP Intercom market during the forecast period 2022 to 2030.

The key factors driving the market [Growth Factors].

The key players operating in the IP Intercom market are Axis Communications, Barix, AIPhone, TCS AG, Legrand, Panasonic, Commend , Comelit Group, TOA Corporation, Fermax.

The global IP Intercom market is expanding growth with a CAGR of approximately XX% during the forecast period (2022 to 2030).

The global IP Intercom market size was valued at (year from) in 2021 and it is projected to reach around (yearto) by 2030.

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